BHEL Shares Surge 3% After Sell-off; UBS Issues 'Buy' Call on New Orders

• BHEL shares rebounded over 3% today, recovering from an almost 9% fall on Thursday.
• Yesterday's decline was due to concerns about India potentially easing restrictions on Chinese companies bidding for government contracts.
• UBS issued a 'Buy' call on BHEL with a target price of Rs 375, over 35% higher than Thursday's close.
• UBS cited a Rs 5,400 crore coal gasification plant order from BCGCL (Coal India-BHEL JV) as a key growth driver.
• This project marks the first commercial use of BHEL's PFBG technology, with a 42-month execution period.

Why It Matters: BHEL shares recover on new orders and UBS 'Buy' call, despite policy concerns.